Woolner

The Woolner Dome granitic complex has geological similarities to the Rum Jungle and Ranger granitic complexes which host world class uranium deposits. Woolner has not been explored since the early 1980’s when it was investigated by the Peko/EZ Joint Venture who at the same time was the successful discoverer of Ranger. Work carried out by the Company on the Woolner Flood Plain last year defined a sequence of highly chloritic and altered sediments on the west margin of the granitic dome. The current drilling is designed to drill through the granite/sediment contact in the vicinity of major structural faults and folding as determined by our previously completed airborne geophysical surveys. Drilling contractors, H2O Drilling Pty Ltd, from Darwin, shall be employing a track mounted diamond drilling rig capable of handling adverse weather conditions which may occur with the approach of the Top End wet season.

Tennant Creek Wingap Uranium Target

H2O Drilling will relocate a multipurpose drilling rig to Tennant Creek to precollar a 150 meter RC drill hole before commencing a 350 meter diamond drill tail, planned to a total depth of 500 meters. This hole will be drilled beneath a 200 meter vertical diamond hole drilled in the early 1980’s (TCPD 11), which remained in highly altered and uraniferous granite throughout. Ground water surrounding the drill area contains incidences of the highest level of uranium (16 PPM) in ground water, ever encountered in the geological literature. The anomaly has never been satisfactorily explained. Previous drilling has been essentially limited to shallow holes drilled vertically into the granite.

The planned diamond hole will drill a complete section through the Lower Proterozoic sediments into the contact with intrusive Warrego Granite. It will test a conceptual target of vein hosted mineralization occurring in fault related structures at the contact of the two rock types.